📉Crypto market cap took a 3.9% nosedive, hitting a 5-week low of $2.34 trillion! 😱 All top-10 coins felt the burn, with Bitcoin, Ether, and BNB all dropping around 4%. Some blame a big Bitcoin sale by the German government, but others point to unfavorable macroeconomic data spooking traditional investors.

MicroStrategy's recent purchase of 11,931 BTC for $786 million, however, has helped to offset the selling pressure. 🚀

With no major regulatory changes to rattle crypto investors, the focus is on traditional finance and macroeconomic data. As the S&P 500 flirts with its all-time high, investors are getting jittery about a potential recession.

So, what's your take? Is this just a temporary dip or the start of a bearish trend? 🐻 Comment below! #CryptoNews #MarketTrends